250 outof250points(100%) - MGMT-026
?
250 outof250points(100%)
1 .
sward:
10 out of
10.00
?????????????????????????????poinrs ???
July 15
August 15
August 31
Declared a cash dividend payable to common stockholders of $16 5,000. Date of record is August 15 for th e cash dividend declared on July 15. Paid the dividend declared on July 15.
Prepare journal entries to record the above transactions for Emerson Corporation. (If no journal entry is required, select " No journal entry required" in the first account field.)
Date Jul 15
General Journal
Retained earnings Common dividend payable
Debit
Credit
./ 165,000./
./
165,000. /
Aug 15
No journal entry required
./
Aug 31 1--
Common dividend payable Gash
./ 165,000./
./
165,000. /
2.
sward:
10 out of
10.00
?????????????????????????????poinrs ???
Foxburo Company expects to pay a $2.34 per share cash dividend this year on its common stock. The
current market value of Foxburo stock is $32.50 per share.
Compute the expected dividend yield on the Foxburo stock.
Choose Numerator:
Annual cash dividends per share ./
$
2.34. /
Dividend Yield
Choose Denominator:
Market value per share ./
$
32.50. /
Dividend Yield Dividend Yield
7.2%
g.vard:
3 .
10 out of 10.00
??? ? ? ? ? ? ?points?
a. Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value
common stock assuming the shares sell for $5 cash per share.
Event 1
General Journal
Cash Common Stock, $5 Par Value
Debit
Credit
./ 375,000./
./
375,000. /
b. Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share.
Event
1
General Journal
Cash
Common stock, $5 par value
./
Paid-in capital in excess of par value, common stock ./
Debit 450,000. /
Credit
375,000. / 75,000. /
8'1Nard:
4. 10 out of 10.00
The stockholders' equi~/ section of Montel Company's balance sheet follows. The preferred stock's call price is $40.
Preferred stock- 5% cumulative, $10 par value, 20,000
shares authorized, issued and outstanding
$
Common stock- $5 par value, 200,000 shares
authorized, 150,000 shares issued and outstanding
Retained earnings
200,000
750,000 900,000
To tal stockholders' equi~/
$ 1,850,000
Determin e the book value per share of the common stock.
Book Value Per Coomon Share
Choose Numerator:
Choose Denominator:
Stockholders' equity applicable to common shares ./ I ;Number ofcommon shares outstanding ./
+---->
-
$
1,050,000./ I I$
150 ,000. /
Book Value Per Conmon Share
I =
Book Value Per Common Share
_= ~~$
7.00
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- debt mgmt services phone number
- debt mgmt services
- annual government financial mgmt conference
- mgmt 026
- annual government financial mgmt confer
- debt mgmt services payment
- us treasury debt mgmt services
- crossroads mgmt realty
- atovaquone proguanil 250 100 cost
- atovaquone proguanil 250 100 dosage
- waste mgmt customer service
- benefit risk mgmt services